Sound View Wealth Advisors Group LLC Has $3.78 Million Holdings in Oracle Co. (NYSE:ORCL)

Sound View Wealth Advisors Group LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,690 shares of the enterprise software provider’s stock after selling 88 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Oracle were worth $3,781,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ORCL. R Squared Ltd acquired a new position in shares of Oracle during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew its holdings in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Synergy Investment Management LLC bought a new stake in Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. grew its holdings in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the fourth quarter worth $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL opened at $155.89 on Friday. The stock’s 50-day simple moving average is $167.63 and its 200 day simple moving average is $169.30. The stock has a market capitalization of $436.01 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $111.18 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.34 EPS. Research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. Oracle’s payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. Guggenheim reiterated a “buy” rating and set a $220.00 price target on shares of Oracle in a report on Wednesday. KeyCorp upped their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. UBS Group upped their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets upped their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 42.20% of the company’s stock.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.